Should I Change My S Corp to an LLC?

Should I change my S Corp to an LLC? Another reason for converting from an S Corp to an LLC is due to the fact that LLCs can be treated as a partnership for federal tax purposes. Being treated as a partnership for tax reasons provides enhanced flexibility over the tax rules for corporations. Read … Read more

The Difference Between Security Officer and Security Supervisor

What is the difference between security officer and security supervisor? A security guard is mostly put under a security officer. As such, they are supposed to report to the officer for duty assigning and monitoring. The security officer, on the other hand, can be the only supervisor and can only be reporting to the contracting … Read more

The Profit Margin for a Distillery: Everything You Need to Know

What is the profit margin for a distillery? In general, the industry standard is about 50% gross margin… although higher is always better. Read more on georgiadistillers.org In recent years, distilleries have grown in popularity as more people have become interested in creating their own spirits. However, it’s crucial to comprehend a distillery’s profit margin … Read more

Is a Sewing Business Profitable?

Is a sewing business profitable? Yes, you can make money with your sewing skills. And you don’t have to be an expert sewer with years of experience to do it. Sewers at any skill level, even novices relatively new to the craft, can turn their sewing skills into cash. And as your skills improve, your … Read more

The Highest Paid Real Estate Investor: Who is it?

Who is the highest paid real estate investor? Donald Bren 1. Donald Bren: Estimated net worth $15.5 billion. Donald Bren tops America’s real estate rich list. He became the wealthiest person in real estate thanks to his ownership of Irvine Company. Read more on www.millionacres.com One of the most lucrative sectors in the world is … Read more

Understanding Cash Flow in a Liquor Store: A Comprehensive Guide

What is cash flow in liquor store? “”7 to 9 months of sales plus inventory is a general rule of thumb for a liquor store.”” “”Total Gross sales, minus all expenses, add back owner’s salary and any personal expenses paid for by the business=Seller’s Discretionary Cash flow. Read more on www.bizbuysell.com Owning a liquor store … Read more

Do Youtubers Pay Tax in Australia?

Do Youtubers pay tax Australia? Income tax is paid by Australian youtubers on earnings more than $75,000 via Google Adsense revenue. Is that income also subject to GST? As per ATO’s ruling: “”The income the taxpayer receives from Google for their YouTube videos is a reward for providing services relating to their activities as a … Read more

How Many Hours a Week Does a Consultant Work?

How many hours a week does a consultant work? Typically, both single and married consultants average 56.6 hour work weeks, but about a quarter of single consultants routinely put in between 60 and 70 hours per week. About six percent of the responding consultants say they average between 70 and 80 hours a week. Read … Read more